California State Teachers Retirement System Lowers Holdings in The Middleby Corporation $MIDD

California State Teachers Retirement System decreased its stake in The Middleby Corporation (NASDAQ:MIDD - Free Report) by 13.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,545 shares of the industrial products company's stock after selling 7,332 shares during the period. California State Teachers Retirement System owned approximately 0.11% of Middleby worth $8,350,225 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Clearstead Advisors LLC boosted its position in shares of Middleby by 201.8% during the 4th quarter. Clearstead Advisors LLC now owns 166 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 111 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Middleby during the second quarter worth about $27,000. Larson Financial Group LLC grew its stake in shares of Middleby by 1,292.9% in the fourth quarter. Larson Financial Group LLC now owns 195 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 181 shares in the last quarter. Elevation Wealth Partners LLC increased its holdings in Middleby by 553.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 170 shares of the industrial products company's stock worth $29,000 after purchasing an additional 144 shares in the last quarter. Finally, Root Financial Partners LLC boosted its stake in Middleby by 64.2% during the first quarter. Root Financial Partners LLC now owns 261 shares of the industrial products company's stock worth $35,000 after acquiring an additional 102 shares in the last quarter. 98.55% of the stock is currently owned by hedge funds and other institutional investors.

Middleby Price Performance

NASDAQ:MIDD traded up $2.75 during mid-day trading on Tuesday, reaching $112.47. The stock had a trading volume of 352,309 shares, compared to its average volume of 621,735. The stock has a 50-day simple moving average of $123.49 and a two-hundred day simple moving average of $141.25. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.99 and a quick ratio of 1.10. The Middleby Corporation has a 12 month low of $104.24 and a 12 month high of $180.13. The stock has a market capitalization of $5.09 billion, a PE ratio of -12.14 and a beta of 1.31.

Middleby (NASDAQ:MIDD - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The industrial products company reported $2.35 earnings per share for the quarter, beating analysts' consensus estimates of $2.09 by $0.26. The business had revenue of $875.55 million during the quarter, compared to analyst estimates of $836.99 million. Middleby had a negative net margin of 13.22% and a positive return on equity of 17.44%. Middleby's revenue was down 10.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.35 EPS. Middleby has set its Q3 2026 guidance at 1.670-1.830 EPS and its FY 2026 guidance at 6.730-6.890 EPS. On average, equities analysts anticipate that The Middleby Corporation will post 6.85 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on MIDD shares. JPMorgan Chase & Co. raised shares of Middleby from a "neutral" rating to an "overweight" rating and increased their target price for the company from $141.00 to $147.00 in a report on Tuesday. Jefferies Financial Group reduced their target price on shares of Middleby from $200.00 to $160.00 and set a "buy" rating for the company in a report on Wednesday, July 8th. KeyCorp set a $152.00 price target on shares of Middleby in a research note on Tuesday, July 14th. Weiss Ratings downgraded shares of Middleby from a "sell (d+)" rating to a "sell (d)" rating in a report on Tuesday, August 18th. Finally, Seaport Research Partners set a $145.00 target price on shares of Middleby in a report on Wednesday, August 12th. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Middleby presently has a consensus rating of "Hold" and an average target price of $159.50.

Middleby Company Profile

Middleby Corporation is a global manufacturer of commercial foodservice, residential kitchen, and food processing equipment. Its products are used by restaurants, hotels, institutional kitchens, food retailers, and food manufacturers around the world.

The company's commercial foodservice portfolio includes cooking, baking, frying, refrigeration, ventilation, beverage, and food preparation equipment. Its residential brands offer cooking appliances, refrigeration, outdoor kitchen products, and related specialty equipment.

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